What we learn from housing’s correlation with the stock market

Screen Shot 2016-03-18 at 6.16.49 AMBy Jann Swanson | Mortgage News Daily

It’s not exactly a startling concept but one that has been underlined by recent events; there is a strong correlation between the performance of the stock market and sales of high-end homes. Sam Khater, CoreLogic’s deputy chief economist, says that as the stock market “swooned” in recent months, so did sales of million-dollar plus houses. This has been the case in the past and the trend is apparently continuing.

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